Automotive Surface Treatment/Heat Treatment Market will reach at $ 232.34 billion by 2032 & Analysis By 2022 -2029 -Nabtesco (Japan), Pacific Industrial (Japan), Advanced Colour Coatings (UK), AIO Precision (Japan), Bosch (Germany), ALCALA INDUSTRIAL (Spa

The global heat treating market size was valued at USD 111.73 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.41% from 2022 to 2032. Automotive Surface Treatment/Heat Treatment market will reach at $ 232.34 billion by 2032, The rapid growth of the electric vehicle industry, coupled with the growing demand for metallurgical alterations to suit specific applications, is expected to boost the market growth over the forecast period. The pandemic is likely to accelerate the adoption of electric vehicles and is likely to become a key factor for major structural changes in this process, which is highly used in the automotive industry. EVs require heat treatment for specialized materials in DC and AC motors, laminations, bearings, and shafts. Heat treatment for EVs requires a flexible heat treating approach and is likely to increase the demand for new equipment over the forecast period.

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Global Automotive Surface Treatment/Heat Treatment: Top Key Players

Nabtesco (Japan), Pacific Industrial (Japan), Advanced Colour Coatings (UK), AIO Precision (Japan), Bosch (Germany), ALCALA INDUSTRIAL (Spain), Arvika Gjuteri (Sweden)

This report examines all the key factors influencing growth of global Automotive Surface Treatment/Heat Treatment, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Automotive Surface Treatment/Heat Treatment unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.

Product types uploaded in the Automotive Surface Treatment/Heat Treatment are:

Chemical Treatment, Heat Treatment, Others

Key applications of this report are:

Passenger Cars, Commercial Vehicles

Global Automotive Surface Treatment/Heat Treatment: By Countries

United States

Canada

Germany

UK

France

Italy

Spain

Russia

China

Japan

South Korea

Australia

Thailand

Brazil

Argentina

Chile

South Africa

Egypt

UAE

Saudi Arabia

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Equipment Insights
Electrically heated furnaces led the industry and accounted for over 45.0% share of the global revenue in 2021. High operational efficiency achieved using an electrically heated furnace and higher environmental sustainability as compared to conventional fuel-fired systems is expected to propel the demand for electrically heated furnaces over the forecast period.

Electrically heated furnaces have easy installation and automated temperature control that improves operational efficiency. Moreover, the implementation of high-end technology ensures temperature uniformity and the ability to perform high-temperature operations. Growing demand for environmentally friendly technology is expected to propel the industry growth of electrically-heated furnaces over the next few years.

Other equipment such as induction furnace and plasma heated furnace is estimated to expand at a CAGR of 3.2% from 2022 to 2030, in terms of revenue. Key factors that are responsible for driving the industry include energy-efficient, easy to clean, fast, and well-controlled melting process.

Low cost as compared to electrically-heated furnaces had led to a high preference for fuel-fired furnaces among the industry players. However, unstable fuel prices and emissions of greenhouse gas have restrained the growth of conventional fuel-fired furnace. The demand for natural gas-fired furnaces from developing economies is likely to boost the segment growth.

Application Insights
The automotive segment led this industry and accounted for over 30.0% share of the global revenue in 2021 on account of the growing EV industry and the increasing demand for greener technologies, which can deliver energy-efficient heat treating. Moreover, new and advanced equipment required for EVs is expected to propel industry growth.

Various metal workpieces require this process to improve the metallurgical structure and residual stress state. They are subjected to various methods including normalizing, annealing, hardening & tempering, quenching, stress relieving, and cold treating. Localization in manufacturing in countries such as the U.S. and India is further expected to boost the demand for heat treating in metalworking.

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Report includes Competitor's Landscape:

➊ Major trends and growth projections by region and country
➋ Key winning strategies followed by the competitors
➌ Who are the key competitors in this industry?
➍ What shall be the potential of this industry over the forecast tenure?
➎ What are the factors propelling the demand for the Toll Like Receptor 8?
➏ What are the opportunities that shall aid in significant proliferation of the market growth?
➐ What are the regional and country wise regulations that shall either hamper or boost the demand for Toll Like Receptor 8?
➑ How has the covid-19 impacted the growth of the market?
➒ Has the supply chain disruption caused changes in the entire value chain?

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